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780 E 135th St, The Bronx, ...

Sean Coakley Acquires Industrial Property In Bronx For $1.5M
SOLDIndustrial

Sean Coakley Acquires Industrial Property In Bronx For $1.5M

780 E 135th St, The Bronx, NY 10454, USA

$17,500,000

$20/SF

Building Size

840,000 SF

Asset Type

Industrial

Closing

Nov 25, 2019

AI

The industrial property located at 715 East 136th Street & 734 East 137th Street in Bronx has been sold. The transaction took place on July 28, 2021, with a sale price of $1,500,000. The property spans a total of 7,011 square feet, resulting in a price per square foot of $213.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,500,000
  • Address: 715 East 136th Street & 734 East 137th Street
  • Market: Bronx

The buyer of the property is Sean Coakley, while the seller is Dominic Valente. The deal was facilitated by brokers Josh Neustadter and Jonathan Squires from CushWake.

Players

Jason Meister

Broker

$84.2M

vol

4 deals

Broker

Sean Coakley

Buyer

$20.3M

vol

3 deals

Buyer

Dominic Valente

Seller

$23M

vol

3 deals

Seller

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93